This Act creates a public register of overseas entities owning UK land and their beneficial owners, reforms unexplained wealth order powers, and streamlines sanctions processes to combat money laundering and economic crime.
A Bill to Set up a register of overseas entities and their beneficial owners and require overseas entities who own land to register in certain circumstances; to make provision about unexplained wealth orders; and to make provision about sanctions.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Priti Patel, Lord Callanan
Introduced: 2022-03-01
Royal Assent: 2022-03-14